K Bank Mortgage Lending & HMDA Data, 2005
In 2005, K Bank of Owings Mills, MD reported 537 mortgage applications totaling $131.5 million, down 17% from 2004. The average application was for $244,968, and applicants reported an average income of $83,441. 82% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Baltimore-Towson, MD (343), Bethesda-Frederick-Gaithersburg, MD (22) and Philadelphia, PA (7) (applications in parentheses).
| Mortgage Company & Address | K Bank 11407 Cronhill Drive, Suite N Owings Mills, MD 21117 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 537 |
| Total Mortgage Loan Application Amount | $131,548,000 |
| Average Mortgage Loan Application Amount | $244,968 |
| Highest Mortgage Loan Application Amount | $975,000 |
| Average Applicant Income | $83,441 |
| Highest Applicant Income | $869,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records K Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Baltimore City, Maryland | 147 | $ 20,700,000 | $ 140,816 | $ 55,000 |
| Baltimore, Maryland | 128 | $ 28,477,000 | $ 222,476 | $ 54,000 |
| Prince George's, Maryland | 72 | $ 25,821,000 | $ 358,625 | $ 115,000 |
| Carroll, Maryland | 24 | $ 4,674,000 | $ 194,750 | $ 72,000 |
| Harford, Maryland | 22 | $ 5,904,000 | $ 268,363 | $ 76,000 |
| Montgomery, Maryland | 18 | $ 5,764,000 | $ 320,222 | $ 106,000 |
| Charles, Maryland | 15 | $ 3,833,000 | $ 255,533 | $ 78,000 |
| Anne Arundel, Maryland | 14 | $ 4,089,000 | $ 292,071 | $ 92,000 |
| Sussex, Delaware | 13 | $ 5,914,000 | $ 454,923 | $ 226,000 |
| Howard, Maryland | 8 | $ 2,954,000 | $ 369,250 | $ 106,000 |
| Cecil, Maryland | 7 | $ 1,551,000 | $ 221,571 | $ 84,000 |
| Chester, Pennsylvania | 7 | $ 1,671,000 | $ 238,714 | $ 122,000 |
| Loudoun, Virginia | 7 | $ 4,314,000 | $ 616,285 | $ 119,000 |
| Prince William, Virginia | 7 | $ 3,452,000 | $ 493,142 | $ 63,000 |
| Talbot, Maryland | 6 | $ 1,857,000 | $ 309,500 | $ 93,000 |
| York, Pennsylvania | 6 | $ 1,275,000 | $ 212,500 | $ 74,000 |
| Calvert, Maryland | 5 | $ 1,058,000 | $ 211,600 | $ 101,000 |
| District of Columbia, District Of Columbia | 4 | $ 1,230,000 | $ 307,500 | $ 20,000 |
| Frederick, Maryland | 4 | $ 1,337,000 | $ 334,250 | $ 88,000 |
| Kent, Delaware | 3 | $ 695,000 | $ 231,666 | $ 35,000 |
| St. Mary's, Maryland | 3 | $ 504,000 | $ 168,000 | $ 39,000 |
| Washington, Maryland | 3 | $ 941,000 | $ 313,666 | $ 121,000 |
| Adams, Pennsylvania | 3 | $ 608,000 | $ 202,666 | $ 67,000 |
| Garrett, Maryland | 2 | $ 565,000 | $ 282,500 | $ 229,000 |
| Fairfax, Virginia | 2 | $ 258,000 | $ 129,000 | $ 79,000 |
| New Castle, Delaware | 1 | $ 96,000 | $ 96,000 | $ 0 |
| Palm Beach, Florida | 1 | $ 152,000 | $ 152,000 | $ 65,000 |
| Allegany, Maryland | 1 | $ 48,000 | $ 48,000 | $ 17,000 |
| Albemarle, Virginia | 1 | $ 500,000 | $ 500,000 | $ 123,000 |
| Greene, Virginia | 1 | $ 381,000 | $ 381,000 | $ 79,000 |
| King George, Virginia | 1 | $ 525,000 | $ 525,000 | $ 218,000 |
| Spotsylvania, Virginia | 1 | $ 400,000 | $ 400,000 | $ 82,000 |
Mortgage Loan Application Detail Totals for K Bank in 2005
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 446 | $112,915,000 | $343,200 | $975,000 | $82,600 | $869,000 |
| Refinancing | 90 | $18,273,000 | $217,166 | $432,000 | $70,666 | $247,000 |
| Home Improvement | 1 | $360,000 | $360,000 | $360,000 | $225,000 | $225,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 285 | $69,083,000 | $294,500 | $975,000 | $67,666 | $410,000 |
| Black or African American | 199 | $48,525,000 | $331,666 | $750,000 | $58,666 | $869,000 |
| Hispanic | 25 | $5,235,000 | $420,500 | $650,000 | $258,500 | $451,000 |
| Asian | 23 | $7,252,000 | $527,500 | $760,000 | $52,500 | $259,000 |
| Not Provided | 4 | $1,258,000 | $267,000 | $483,000 | $101,500 | $239,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $195,000 | $195,000 | $195,000 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 461 | $120,548,000 | $301,833 | $975,000 | $79,666 | $869,000 |
| FHA-insured (Federal Housing Administration) | 73 | $10,516,000 | $144,000 | $263,000 | $49,000 | $139,000 |
| VA-guaranteed (Veterans Administration) | 3 | $484,000 | $161,000 | $198,000 | $54,000 | $66,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 440 | $107,709,000 | $298,833 | $880,000 | $85,666 | $869,000 |
| Application Withdrawn By Applicant | 70 | $16,361,000 | $333,250 | $760,000 | $61,750 | $360,000 |
| Application Approved But Not Accepted | 17 | $5,334,000 | $220,000 | $650,000 | $80,000 | $239,000 |
| Application Denied By Financial Institution | 9 | $1,169,000 | $129,000 | $388,000 | $26,000 | $70,000 |
| File Closed For Incompleteness | 1 | $975,000 | $975,000 | $975,000 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into K Bank's 2005 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess K Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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